Buying a Van for Summer Camp Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $12,500.00 | Status: | Loan created |
| Grade: | AA | DTI: | 15% |
| Lender Rate: | 9% | Borrower: | JohnIowa |
| Finished | State: | IA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-10 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Jun 10, 2008 | Current |
|
Purpose of loan: This loan will be used to buy a van for my wife's business. My wife runs a summer camp which specializes in arts and crafts. This is her third year in business and it has proven to be very successful. The first year she had approximately 30 campers, the next summer she had 70 and today she just registered the 130th camper for this summer. This is probably because the campers all have such a great time and they tell their friends, who tell friends, etc. We live in an area where lots of professional people are looking for summer childcare and have lots of disposable income. My wife's camp is marketed as a high end, high quality (and realtively expensive) summer time option for kids. It seems to be working! Now she needs a second van to be able to transport more kids to camp. My financial situation: I am a good candidate for this loan because I have a high income and my wife and I maintain an excellent credit rating. This loan will be repaid from my wife's business income, but should that need to be supplemented (it is only the third in business) we have enough income to make up any deficiency to pay back this loan. |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|